Investors offered liquid and diversified
exposure to the crypto market through USD
Tracker Certificate Linked to the CoinDesk 20 Index
LONDON, June 28,
2024 /PRNewswire/ -- Marex, the
diversified global financial services platform, today announced a
collaboration with CoinDesk Indices, a leading provider
of digital asset indices since 2014, to offer a Tracker Certificate
Linked to the CoinDesk 20 Index. This product marks the first
liquid structured product that provides access to CoinDesk 20 to
investors.
The CoinDesk 20 is a broad-based index that addresses growing
demand from institutional investors for more diverse portfolio
options beyond bitcoin ETFs. Designed for implementation at scale,
CoinDesk 20 tracks the performance of top digital assets, applying
a capped market capitalization-weighted methodology to enhance
diversification.
The Marex 12 Months USD Tracker Certificate Linked to the
CoinDesk 20 Index will track performance of the index and be
supported by secondary market liquidity, allowing investors and
traders to adjust their exposure and react promptly to market
developments. Secondary market support aligns with one of CoinDesk
20's key objectives: to improve the digital asset marketplace for
traditional investors as the most traded digital asset index.
"We are continuing to see burgeoning investor demand for
broad-based digital asset solutions," said Harry Benchimol, Co-Head of Derivatives Engine,
Marex. "We're thrilled to partner with CoinDesk Indices to offer
investors an innovative way to increase their exposure to digital
assets. We're directly aligned with CoinDesk 20's approach to
diversification and seeking to enhance liquidity and exposure to
digital assets."
Key features of the certificate include:
- Fully securitised product linked to the price performance of
the CoinDesk 20 Index (less management fees)
- USD denominated, one-year maturity
- Secondary market available (subject to normal market
conditions)
- Future issuances are fully customisable in terms of
currency/maturity
"Marex launching a certificate on the CoinDesk 20 Index is
significant," said Alan Campbell, President of CoinDesk
Indices. "This is a major structured product issuer enabling
European investors to gain exposure to digital assets without
needing to directly buy and manage the underlying assets. More
products based on the CoinDesk 20 increases trading volumes and
market depth, benefiting the overall ecosystem."
Following CoinDesk 20's launch earlier this
year, Bullish—the fastest-growing regulated digital
asset exchange—launched a new perpetual futures contract on the
index, marking an industry first. The CoinDesk 20 perp has
attracted substantial institutional interest, driving trading
volume toward $6 billion since
launch.
To learn more about the Marex 12 Months USD Tracker Certificate
Linked to the CoinDesk 20, please
email: crypto@marexfp.com.
To learn more about the CoinDesk 20, please
visit: coindeskmarkets.com/cd20.
About Marex:
Marex Group plc (NASDAQ: MRX) is a
diversified global financial services platform providing essential
liquidity, market access and infrastructure services to clients
across energy, commodities and financial markets.
The Group provides comprehensive breadth and depth of coverage
across four core services: Clearing, Agency and Execution, Market
Making and Hedging and Investment Solutions. It has a leading
franchise in many major metals, energy and agricultural products,
executing around 129 million trades and clearing 856 million
contracts in 2023. The Group provides access to some of the world's
major commodity markets, covering a broad range of clients that
include some of the largest commodity producers, consumers and
traders, banks, hedge funds and asset managers.
Headquartered in London with
more than 35 offices worldwide, the Group has over 2,000 employees
across Europe, Asia and the Americas. For more information
visit www.marex.com.
About CoinDesk Indices:
Since 2014, CoinDesk Indices
has been at the forefront of the digital asset revolution,
empowering investors globally. A subsidiary of Bullish, our indices
form the foundation of the world's largest digital asset products.
Known for their precision and compliance, flagships such as the
CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20
Index set the industry standard for measuring, trading, and
investing in digital assets. With tens of billions of dollars in
benchmarked assets, CoinDesk Indices is a trusted partner. Discover
more at coindeskmarkets.com.
CoinDesk Indices disclaimer: CoinDesk is a
portfolio company of the Bullish group. CoinDesk Indices, Inc.
("CDI") does not sponsor, endorse, sell, promote or manage any
investment offered by any third party that seeks to provide an
investment return based on the performance of any index. CDI is
neither an investment adviser nor a commodity trading advisor and
makes no representation regarding the advisability of making an
investment linked to any CDI index. CDI does not act as a
fiduciary. A decision to invest in any asset linked to a CDI index
should not be made in reliance on any of the statements set forth
in this document or elsewhere by CDI. All content contained or used
in any CDI index (the "Content") is owned by CDI and/or its
third-party data providers and licensors, unless stated otherwise
by CDI. CDI does not guarantee the accuracy, completeness,
timeliness, adequacy, validity or availability of any of the
Content. CDI is not responsible for any errors or omissions,
regardless of the cause, in the results obtained from the use of
any of the Content. CDI does not assume any obligation to update
the Content following publication in any form or format. © 2024
CoinDesk Indices, Inc. All rights reserved.
CONTACT: Marex: Nicola Ratchford,
nratchford@marex.com; CoinDesk Indices: Casey Craig, casey@coindesk.com; Emma Martin, CoinDesk@allisonworldwide.com
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